This course in Macroeconomics deals with the determination of broad economic aggregates such as national income, employment, the price level, and the Balance of Payments in both the short run and the long run. Aspects of the micro-foundations of Macroeconomics will also be presented. Rigorous analysis — including calculus! — is used to understand the forces that determine aggregate economic variables, and how they are affected by public policies. These methods will also be used to understand the consumption, investment, and labor supply choices of households and firms.
Course Requirements:
The bulk of a student's grade will correspond to exams. Three in-person midterms are planned for the semester, with two of the midterms taking place in the evening (Midterm Dates TBA). The 3rd midterm is scheduled during the official final exam timeslot.
Intended Audience:
Majors in economics are required to elect this course and are encouraged to complete it early in their program. It is strongly recommended that students take ECON 401 before 402.